Singapore liquidity provider launches crypto OTC trading service

A Singapore-based proprietary trading firm and liquidity provider has launched a new over-the-counter (OTC) trading platform for the Asian cryptocurrency markets.

The new service, named Tilde, has been launched by Grasshopper, aims to provide increased liquidity and transparency to Asian crypto markets using the firm’s algorithmic capabilities and existing relationships with its trading partners and exchanges.

“As the trading of cryptocurrency shifts from the fringes to the mainstream, and the supporting infrastructure follows suit, we aim to bring our integrity, technology and trading experience to these markets and offer outstanding execution for our clients,” said John Lin, founder and chief executive officer, Grasshopper and Tilde.

“As an Asian platform, Tilde has the capabilities suited to the burgeoning Asia cryptocurrency market. Coupled with Grasshopper’s technology, experience and old-school trading ethos, we’re uniquely positioned to help our clients invest in the future.”

Crypto trading has so far received mixed responses from the Asian markets; Singapore, Japan, Thailand and South Korea have so far been at the forefront of encouraging the adoption and trading of digital assets, while the region’s largest economy, China, has outright banned the trading of crypto assets and the launch of Initial Coin Offerings (ICOs).